International Paper Selling Lumber Unit To Georgia-Pacific

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381510056-0'); });

International Paper Co. is selling its building products unit to Georgia-Pacific LLC for $750 million cash, a move designed to sharpen focus on its massive packaging business.

The sale had been expected since IP acquired the unit, which sells lumber and particle board for home construction, as part of its $3.7 billion buyout of smaller rival Temple-Inland earlier this year.

IP is the largest North American producer of corrugated packaging, commonly used to make shipping boxes. Amazon.com Inc. is one of IP’s largest customers.

The sale gives IP more cash to invest in the packaging business.

Georgia-Pacific will get the unit’s 16 manufacturing facilities located primarily in southeastern and eastern United States, regions that are expected to see new home construction when the economy recovers.

From Reuters: reuters.com.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381461985-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381402298-0'); });

Latest News

Multi-Million Dollar Alabama Sawmill Project Right On Schedule

A multi-million dollar sawmill project in Demopolis continues to make progress. The new state-of-the-art sawmill is expected to bring more than new fifty jobs to the area. Demopolis Mayor John Laney says the Two Rivers…

U.S. Lumber Coalition Applauds Objectives In NAFTA Talks

The U.S. Lumber Coalition recently commented on the Trump Administration’s objectives for the renegotiation of the North American Free Trade Agreement (NAFTA), including the recommendation to preserve the ability of the United States to rigorously…

NAHB: Homebuilder Concerns About Lumber Shortage Rising

Homebuilders are quickly feeling the impact of the looming rise in Canadian lumber tariffs, as more homebuilders are concerned about the availability of building materials. According to the May 2017 survey for the NAHB/Wells Fargo…

Roseburg Forest Products To Build New Engineered Wood Plant In South Carolina

Oregon-based Roseburg Forest Products will expand its operations in the southeastern United States with construction of a new engineered wood products plant in Chester, S.C. Roseburg publicly announced the project July 11 at a joint…

« Older Entries

Next Entries »

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381237439-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380448760-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380578329-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380709898-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380656716-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380767732-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380810300-0'); });

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

Subscribe Now

Subscribe/Renew

Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us